Meta Materials Inc. financial data

Symbol
MMAT on Nasdaq
Industry
Semiconductors & Related Devices
Location
1 Research Drive, Dartmouth, Nova Scotia, Canada
State of incorporation
Nevada
Fiscal year end
December 31
Former names
TORCHLIGHT ENERGY RESOURCES INC (to 6/23/2021), Pole Perfect Studios, Inc. (to 1/13/2011)
Latest financial report
10-Q - Q1 2024 - May 13, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 84.5 % -36.9%
Quick Ratio 1.18 % +68.2%
Debt-to-equity 50.6 % +219%
Return On Equity -662 % -3145%
Return On Assets -440 % -2396%
Operating Margin -4.03K % -313%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 6.31M shares -98.3%
Common Stock, Shares, Outstanding 6.69M shares -98.3%
Entity Public Float 104M USD -72.1%
Common Stock, Value, Issued 6.69K USD -98.2%
Weighted Average Number of Shares Outstanding, Basic 6.18M shares +67.5%
Weighted Average Number of Shares Outstanding, Diluted 6.18M shares +67.5%

Income Statement

Label TTM Value / Value Unit Change %
Revenues 9.83M USD +13.8%
Revenue from Contract with Customer, Excluding Assessed Tax 9.83M USD +13.8%
Research and Development Expense 16.8M USD -4.5%
Selling and Marketing Expense 2.37M USD -65.9%
General and Administrative Expense 22.3M USD -40.6%
Operating Income (Loss) -396M USD -369%
Nonoperating Income (Expense) 6.11M USD -284%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest -390M USD -356%
Income Tax Expense (Benefit) -3.34M USD
Net Income (Loss) Attributable to Parent -387M USD -388%
Earnings Per Share, Basic -1.21 USD/shares +76.1%
Earnings Per Share, Diluted -1.21 USD/shares +76.1%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 6.4M USD +6.02%
Accounts Receivable, after Allowance for Credit Loss, Current 2.05M USD
Inventory, Net 124K USD -73%
Other Assets, Current 258K USD -24.1%
Assets, Current 10.7M USD -34.9%
Property, Plant and Equipment, Net 17.8M USD -59.1%
Operating Lease, Right-of-Use Asset 856K USD -84.1%
Intangible Assets, Net (Excluding Goodwill) 16.9M USD -69.1%
Assets 46.4M USD -88.5%
Accounts Payable, Current 9.7M USD -38.5%
Contract with Customer, Liability, Current 666K USD -8.89%
Liabilities, Current 18.6M USD -1.94%
Contract with Customer, Liability, Noncurrent 385K USD -19.1%
Deferred Income Tax Liabilities, Net 0 USD -100%
Operating Lease, Liability, Noncurrent 5.67M USD +74.8%
Liabilities 28M USD -4.66%
Accumulated Other Comprehensive Income (Loss), Net of Tax -4.65M USD +5.57%
Retained Earnings (Accumulated Deficit) -617M USD -173%
Stockholders' Equity Attributable to Parent 18.3M USD -95.1%
Liabilities and Equity 46.4M USD -88.5%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities -5.92M USD +61.8%
Net Cash Provided by (Used in) Financing Activities 2.65M USD -75.1%
Net Cash Provided by (Used in) Investing Activities 32.1K USD
Common Stock, Shares Authorized 10M shares -99%
Common Stock, Shares, Issued 6.69M shares -98.3%
Common Stock, Par or Stated Value Per Share 0 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 6.96M USD +6.4%
Deferred Tax Assets, Valuation Allowance 68.7M USD +64.7%
Deferred Tax Assets, Gross 72.6M USD +31.6%
Operating Lease, Liability 6.97M USD +64.7%
Depreciation 5.3M USD +23.3%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent -387M USD -356%
Lessee, Operating Lease, Liability, to be Paid 10.7M USD +46.9%
Property, Plant and Equipment, Gross 61.1M USD +10.2%
Operating Lease, Liability, Current 1.3M USD +31.4%
Lessee, Operating Lease, Liability, to be Paid, Year Two 1.57M USD +35.7%
Lessee, Operating Lease, Liability, to be Paid, Year One 1.72M USD +35.4%
Operating Lease, Weighted Average Discount Rate, Percent 0.13 pure -23.3%
Deferred Income Tax Expense (Benefit) -297K USD
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 3.76M USD +22.4%
Lessee, Operating Lease, Liability, to be Paid, Year Three 1.16M USD +15.7%
Lessee, Operating Lease, Liability, to be Paid, Year Four 1.17M USD
Amortization of Intangible Assets 5.9M USD -10.6%
Depreciation, Depletion and Amortization 995K USD -69.3%
Deferred Tax Assets, Net of Valuation Allowance 3.93M USD -70.8%
Share-based Payment Arrangement, Expense -1.85M USD -83.3%
Interest Expense 374K USD +205%